Replies (5)
- HomeSand.net, "White Picture"
- Contributions:4720
"As mortgages get more expensive, more would-be homeowners are priced out of the market — a threat to the fragile recovery in the housing market."
The article is low level of the analysis, many home buyers can't obtain the mortgage to buy the house because of the guide line restrictions from the government, now the government stops to purchase the MBS and switch it to the private sector, there will be compete from one to the other investors, therefore the buyers easier to obtain the mortgage, the interest rate will not increase to very high due to the supply and demand rules and it is also depended on the inflation.
The article is low level of the analysis, many home buyers can't obtain the mortgage to buy the house because of the guide line restrictions from the government, now the government stops to purchase the MBS and switch it to the private sector, there will be compete from one to the other investors, therefore the buyers easier to obtain the mortgage, the interest rate will not increase to very high due to the supply and demand rules and it is also depended on the inflation.
- HomeSand.net, "White Picture"
- Contributions:4720
therefore the buyers easier to obtain the mortgage -> therefore the buyers are easier to obtain the mortgages
- Mr. Bubble
- Contributions:157
Huh?
- Don Groff, "Austin Texas Lender"
- Contributions:124
Unfortunately interest rates are most likely headed up over the next year and in the future. Rates cannot stay this low forever or it will bankrupt the country. That being said I do not see a large upward movement anytime soon. They already have moved up and will gradually rise in the upcoming months. They will most likely stay in this range through the end of the year possibly heading to the mid 5% range.
That is my opinion but as you know everybody has one and as a Mortgage Broker and a Realtor I hope I am incorrect.
That is my opinion but as you know everybody has one and as a Mortgage Broker and a Realtor I hope I am incorrect.
- All Of Austin Realty
- Contributions:55
Don,
That's all we've been talking about for the last few days. All our loan officers are getting nervous, but, like always, we just have to adjust.
That's all we've been talking about for the last few days. All our loan officers are getting nervous, but, like always, we just have to adjust.
Morgage Rates!
- Mr. Bubble
Mortgage rates jump
As economy rebounds and government program ends, interest rates are on the rise.
The era of record-low mortgage rates is over.
The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in just the past week. As mortgages get more expensive, more would-be homeowners are priced out of the market — a threat to the fragile recovery in the housing market.
And if you wanted to refinance at a super-low rate, you might have missed your chance. Mortgages under 4 percent are still available, but only for loans that reset in five or seven years, probably to higher rates.
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